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SENSEX GAINS 16% IN FY 17

Investors
richer by Rs 26 trn

Benchmark
Sensex slipped 27 points today to end at 29,620.50 on the last
trading day of 2016-17, but scored a gain of over 16 per cent for the
full fiscal during which investors' wealth grew by over Rs 26 lakh
crore. The broader 50-share index Nifty, which today ended flat at
9,173.75 points, scored even better for the full year with a surge of
18.55 per cent. Measured in terms of total market capitalisation of
all listed stocks on the BSE, the overall investor wealth grew to a
record high of Rs 121 lakh crore -- up from Rs 94.75 lakh crore at
the end of fiscal 2015-16. The Sensex has gained 4,278.64 points, or
16.88 per cent, for the entire fiscal 2016-17. The gauge had touched
the year's high of 29,824.62 (intra-day) on March 17 this year. The
broader Nifty ended the fiscal with gains of 1,435.55 points, or
18.55 per cent, after scaling the year's high of 9,218.40
(intra-session) on March 17. The index had lost about 9 per cent in
the previous fiscal, but had ended 2014-15 with gains of 26.65 per
cent. For the day, the BSE Sensex snapped its three-session winning
streak to end lower by 26.92 points, or 0.09 per cent at 29,620.50.
It hovered between 29,687.64 and 29,552.61 during the day. The gauge
had rallied 410.27 points in the past three sessions. The broader
market sentiment remained strong, with the mid-cap and small-cap
indices outperforming the Sensex by rising 0.79 per cent and 0.72 per
cent, respectively. The NSE Nifty ended the day flat at 9,173.75
after shuttling between 9,191.70 and 9,152.10 On a weekly basis, the
Sensex rose 199.10 points, or 0.67 per cent, while the Nifty gained
65.75 points, or 0.72 per cent. Meanwhile, foreign portfolio
investors (FPIs) bought shares worth a net Rs 67.97 crore yesterday,
as per provisional data. "Sectoral performance on the NSE was
mixed. While banking and FMCG stocks traded lower, metals and media
stocks invited buying interest. "US stocks closed higher
yesterday after it was announced that the US economy, as measured by
gross domestic product, expanded at a 2.1 per cent annualised pace in
the fourth quarter, slightly faster than the previously reported 1.9
per cent," said Karthikraj Lakshmanan, Senior Fund Manager –
Equities, BNP Paribas Mutual Fund. RIL was the day's best performer
in the Sensex pack, rallying 3.93 per cent to Rs 1,319.20, its
highest in nine years, with the company's telecom unit Jio set to
charge for its services from April 1. ICICI Bank, Axis Bank, HDFC
Bank, HDFC Ltd, Cipla, ITC, Asian Paint, TCS, GAIL, HUL, Lupin,
Bharti Airtel, Infosys, Bajaj Auto, Tata Motors and Hero MotoCorp
were under pressure largely on profit booking after recent gains. In
contrast, NTPC, Maruti Suzuki, L&T, M&M, Coal India, SBI,
Tata Steel, Power Grid, Dr Reddy's, Adani Ports and ONGC notched good
gains. Sector-wise, energy rose 2.52 per cent, oil and gas 1.65 per
cent, metal 1.13 per cent, consumer durables 1.05 per cent and
capital goods 0.98 per cent. However, telecom fell 0.92 per cent,
followed by bankex (0.73 per cent), finance (0.52 per cent) and
realty (0.53 per cent). The market breadth remained positive as 1,625
stocks ended higher, 1,118 declined, while 230 ruled unchanged. The
total turnover rose to Rs 4,953.97 crore from Rs 4,606.56 crore
yesterday. Overseas, Asian markets closed lower as the quarter drew
to a close, with investors ignoring better-than-expected US economic
growth data. Hong Kong ended 0.65 per cent down, Japan's Nikkei shed
0.81 per cent, while China's Shanghai Composite Index gained 0.36 per
cent. European stocks were down in their initial deals. Paris's CAC
declined by 0.25 per cent, Frankfurt's DAX fell 0.11 per cent and
London's FTSE shed 0.36 per cent.

Investors'
wealth surges Rs 27 lakh cr

Investors'
wealth soared Rs 26.79 lakh crore during 2016-17 fiscal helped by
robust foreign fund inflow and impressive stock market sentiment
where the benchmark Sensex surged nearly 17 per cent. The Sensex
ended 2016-17 fiscal with a gain of 16.88 per cent or 4,278.64 points
to 29,620.50, making investors richer by Rs 26.79 lakh crore. The
surge in investors' wealth was in contrast with fall of nearly Rs 7
lakh crore during the 2015-16 fiscal. During 2016-17 fiscal, the
30-share index touched a 52-week high of 29,824.62 on March 17 this
year and a one-year low of 24,523.20 on April 11. Led by the strong
show in the market, the total market capitalisation of BSE-listed
companies rose by Rs 26.79 lakh crore to Rs 1,21,54,525 crore, its
all-time high. Market valuation of BSE firms stood at Rs 94.75 lakh
crore in 2015-16 fiscal. The benchmark index today ended the last day
of the current fiscal on a flat note at 29,620.50, down 26.92 points.
A large number of successful IPOs also ensured that the total
investor wealth, measured in terms of cumulative valuation of all
listed shares, rise. Overseas investors pumped in over Rs 55,000
crore in equity during the curent fiscal.

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